Mill Road Capital III, L.P. - Jan 19, 2022 Form 4 Insider Report for SUPERIOR INDUSTRIES INTERNATIONAL INC (SUP)

Role: 10%+ Owner
Signature: /s/ Justin C. Jacobs, Management Committee Director of sole general partner on behalf of Mill Road Capital III, L.P.
Stock symbol: SUP
Transactions as of: Jan 19, 2022
Transactions value $: $140,134
Form type: 4
Date filed: 1/21/2022, 06:22 PM
Previous filing: Jan 3, 2022
Next filing: Jan 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SUP	Common Stock, $0.01 par value	Purchase	$8.99K	+2K	+0.06%	$4.50	3.22M	Jan 19, 2022	Direct	F1
transaction	SUP	Common Stock, $0.01 par value	Purchase	$1.81K	+403	+0.01%	$4.50	3.22M	Jan 20, 2022	Direct	F1
transaction	SUP	Common Stock, $0.01 par value	Purchase	$25K	+5K	+0.16%	$5.00	3.23M	Jan 20, 2022	Direct	F1
transaction	SUP	Common Stock, $0.01 par value	Purchase	$137K	+33.2K	+1.03%	$4.14	3.26M	Jan 21, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SUP	Put options (obligation to buy)	Sale	-$9.27K	-103	-50%	$90.00	103	Jan 19, 2022	Common Stock	10.3K	$5.00	Direct	F1
transaction	SUP	Put options (obligation to buy)	Sale	-$14.7K	-155	-37.53%	$95.01	258	Jan 20, 2022	Common Stock	15.5K	$5.00	Direct	F1
transaction	SUP	Put options (obligation to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-50	-13.44%	$0.00	322	Jan 20, 2022	Common Stock	5K	$5.00	Direct	F1, F2
transaction	SUP	Put options (obligation to buy)	Sale	-$9.1K	-65	-4.72%	$140.00	1.31K	Jan 21, 2022	Common Stock	6.5K	$5.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares reported are directly held by Mill Road Capital III, L.P. (the "Fund"). Mill Road Capital III GP LLC (the "GP") is the sole general partner of the Fund and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the Fund. Mr. Lynch is a management committee director of the GP and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the GP. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.
F2	Each put option became exercisable on the date purchased, which dates range from 12/22/2021 to 12/31/2021.

Content

The shares reported are directly held by Mill Road Capital III, L.P. (the "Fund"). Mill Road Capital III GP LLC (the "GP") is the sole general partner of the Fund and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the Fund. Mr. Lynch is a management committee director of the GP and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the GP. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.

Each put option became exercisable on the date purchased, which dates range from 12/22/2021 to 12/31/2021.